« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  11th Plan approach paper moots tax on pvt hospitals in... Apex court reserves judgement on Japanese company’s plea... » `SEZ Act may allow agri land acquisition for real estate' September, 15th 2006 Will cause large-scale displacement of farmers: CPI(M) The Communist Party of India (Marxist) feels that the SEZ Act may allow acquisition of agricultural land for real estate development causing large-scale displacement of farmers in the name of industry and other social ramifications. The party politburo has discussed the issue in detail in its meeting held in Kolkata on Wednesday and has decided to seek a change in the Act to ensure use of a minimum of 50 per cent of the land for industrial purposes against the existing SEZ Act allowing the use of up to 75 per cent of land for non-industrial or real estate purposes. The CPI (M) will also consult other political parties on the issue. `Uncomfortable with some rules' "We are not comfortable with certain aspects of the Act and its rules and regulations," the CPI (M) General Secretary, Mr Prakash Karat, said here on Thursday. He was addressing an interactive session "Agenda for inclusive growth" organised by Federation of Indian Chambers of Commerce and Industry. "When the Bill was brought in the Parliament, we were only concerned about labour issues and did not pay much attention to the nitty-gritty of the rules and regulations," Mr Karat said admitting his party's failure in pointing out the alleged loopholes in time. Many SEZ approvals However, now that a large number of SEZ applications have received in-principle approval, the issue has attracted our attention, he said. Interestingly, the changes demanded are in line with the SEZ development policy followed by West Bengal. The State has approved two SEZs stipulating use of 50 per cent of land for industry, 25 per cent for creation of infrastructure and the rest for real estate development. Earlier, talking on regional divide, Mr Karat said that most of the SEZs were proposed in industrially developed States such as Gujarat, Maharashtra, Tamil Nadu and Karnataka.